Company Announcement no. 51/2021
Q3 2021 highlights:
- Reported revenue was
EUR 107.3m , an increase of 7.1% when compared with Q3 2020. Measured in local currencies, organic revenue increased by 5.9% when compared with Q3 2020. -
EBIT was
EUR 24.2m and EBIT margin was 22.6% compared with EBIT ofEUR 22.4m and EBIT margin of 22.3% in Q3 2020. - In Q3 2021, two significant transformational SimCorp Dimension license deals were signed with existing clients. The two deals included conversions from perpetual to subscription-based licenses.
-
Order intake was
EUR 27.8m , an increase ofEUR 6.1m or 28.1% compared with Q3 2020, primarily due to conversions. -
Free cash flow was
EUR 24.0m , an increase of 35.5% when compared with Q3 2020.
9M 2021 highlights:
- Reported revenue was
EUR 336.0m , an increase of 8.5% compared with 9M 2020. Measured in local currencies, organic revenue increased by 9.4% when compared with 9M 2020. -
Annual Recurring Revenue (ARR) for the last twelve months covering the period Q4 2020-Q3 2021 was
EUR 268.7m , an increase of 9.9% when compared with the period Q4 2019-Q3 2020, and an increase of 11.1% when measured in local currencies. -
EBIT was
EUR 78.1m compared withEUR 65.9m in 9M 2020. - EBIT margin was 23.2% compared with 21.3% in 9M 2020. Measured in local currencies, EBIT margin was 23.5%.
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Net profit was
EUR 61.5m compared withEUR 45.7m in 9M 2020. -
Order intake was
EUR 70.6m compared withEUR 58.5m in 9M 2020. -
At
September 30, 2021 , the order book amounted toEUR 60.5m , an increase ofEUR 16.7m when compared with the order book atSeptember 30, 2020 , and an increase ofEUR 4.4m when compared with the order book atDecember 31, 2020 . -
Free cash flow was
EUR 79.8m , an increase of 13.2% when compared with 9M 2020.
Financial guidance 2021:
SimCorp maintains its expectations for 2021, as announced in its Annual Report 2020 and Q2 2021 Interim Report, to grow revenue in local currencies by between 6% and 11%, and to generate an EBIT margin measured in local currencies of between 24.5% and 27.5%.- Conversions (from perpetual to subscription-based licenses) and renewals (of subscription-based licenses) are expected to have a more positive impact on both revenue and EBIT margin than anticipated in earlier guidance.
Investor presentation
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Enquiries regarding this announcement should be addressed to:
Investor contacts:
Media contacts:
Tobias Brun-Falkencrone, Group Communications Director,
https://news.cision.com/simcorp/r/simcorp-reports-revenue-growth-of-8-5--and-ebit-margin-of-23-2--in-9m-2021,c3452646
https://mb.cision.com/Main/20103/3452646/1495517.pdf
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